3D Metrology Market Research Report - Global Forecast till 2027

3D Metrology Market Research Report: Information By Component (Hardware, Software and Service), By Product (Coordinate Measuring Machine (CMM), Optical Digitizer and Scanner (ODS), Video Measuring Machine (VMM), Automated Optical Inspection and Form Measurement), By Application (Quality Control and Inspection, Reverse Engineering, Virtual Simulation and others), By End User (Aerospace & Defense, Automotive, Architecture & Construction, Medical, Electronics, Energy & Power, Heavy Machinery Industry, Mining and others) - Forecast till 2027

ID: MRFR/SEM/2445-CR | July 2019 | Region: Global | 90 Pages         

3D Metrology Market

The 3D Metrology Market is predicted to touch USD 15 Billion at a 9% CAGR between 2019- 2025.

Segmentation

By Component Hardware Software Service
By Product Coordinate Measuring Machine (CMM) Optical Digitizer and Scanner (ODS) Video Measuring Machine (VMM) Automated Optical Inspection Form Measurement
By Application Quality Control and Inspection Reverse Engineering Virtual Simulation
By End User Aerospace and Defence Automotive Architecture and Construction Medical Electronics Energy and Power Heavy Machinery Market Mining

Key Players

  • Exact Metrology (US)
  • Applied Materials (US)
  • 3D System Corp (US)
  • 3D Digital Corp (US)
  • Automated Precision (US)
  • GoM (Germany)
  • Creaform (Canada)
  • Perceptron (US)
  • Keyence (Japan)
  • Jenoptik (Germany)
  • KLA-Tencor (US)
  • Nikon Corporation (Japan)
  • Mitutoyo Corporation (Japan)
  • FARO Technologies (US)
  • Carl Zeiss AG (Germany)
  • Hexagon AB (Sweden)

Drivers

  • The increasing adoption of industry 4.0
  • Growing adoption for highly accurate inspection and detailed information
  • Growing focus on quality control.
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3D Metrology Market Size and Overview:


Globally, the size of 3D Metrology Market is anticipated to contact USD 15 Billion at a 9% CAGR between 2019-2025 driven by the growing adoption of highly accurate inspection and detailed information. The 3D metrology process utilizes various instruments to gauge the size and state of the modern hardware.


The 3D scanners, CT scanners, organized light scanners, compact arm with a scanner, laser tracker, and mid-range earthbound LiDAR are some of the unmistakably utilized 3D metrology apparatuses on the lookout. In any case, the propelling advances are consolidated with the instruments for accuracy in the estimating system. The 3D metrology frameworks are used to assemble vehicles, clinical gadgets, electronic gadgets, and other large equipment.


A more significant level of accuracy is expected for estimating or investigating clinical gadgets like prostheses, inserts, dental applications, and different congregations in clinical machines. Also, there are difficult to arrive at spots in the filtering machines, x-beams and CT checking devices, and other clinical hardware, which requires review and figuring out to enhance the material used to fabricate them.


Such factors are moving the general development of the 3D metrology market. Moreover, the assembling enterprises are pursuing sticking to the global norms to increment item quality.


COVID 19 Analysis:


The COVID 19 pandemic has affected several industrial activities across the globe, which has therefore affected the product designers, engineers, and other manufacturing processes. 3D scanning has been extremely beneficial among the other measuring and product development technologies in the manufacturing sectors throughout the pandemic. On the other hand, the demand for the medical equipment sector was growing tremendously during the pandemic, which has also positively impacted the overall growth of the 3D metrology market. Especially, the demand for face shields, mask filters, and life-saving masks was intensively used across the globe, which was the primary growth-stimulating factor for the 3D metrology industry. 


However, the manufacturing units were shutdown thorough throughout the pandemic, which has significantly affected the 3D metrology market value in recent years. The value chain of the 3D metrology system has been affected in the year 2020. 


Market Dynamics:




  • Market Drivers:




The emerging market 4.0 across the globe is considered as the primary growth factor of the 3D metrology market. Market 4.0 involves digitalization and ongoing machine-to-machine communication and the devices are connected with the Internet of Things. Such increased automation and other factors are stimulating the overall growth of the 3D metrology industry.


The 3D metrology equipment is capable of performing essential industrial procedures such as inspection, product designing, reverse engineering, and so on. The potential benefits of the 3D metrology equipment and the integrated advancements are stimulating the overall growth of the 3D metrology industry.




  • Market Opportunities: 




In recent times, the leading market players are focusing on R&D development, which has led to numerous inventions in the 3D metrology market. For instance, a recent study reported that the leading market players such as FARO technologies, NIKON corp, CARL ZEISS have spent about 10% of their revenue on R&D development. The advent of new technologies into the 3D metrology market and the attractive features such as enhanced precision and automated manipulation, contact-less technology are presenting lucrative opportunities for the overall growth of the 3D metrology market.


One of the major end-user industries, the automotive market is witnessing tremendous growth in the 3D metrology market. Additionally, the automotive market is intensively utilizing 3D testing and other testing procedures to obtain the precise measurement of different tools, plastics, castings of the vehicle, and other components. On the other hand, such technologies were also utilized for the inspection, quality checks as the automotive industries were focusing to abide by the international standards imposed on the automotive market.




  • Market Restraints:




The setting up of the metrology facilities requires a higher initial investment. The maintenance and the calibrating procedures of the 3D metrology tools are beyond the business plans and don’t fit the Return on Investment for some business plans.


The metrology software and software updates hiring skilled professionals to handle the equipment and providing them the necessary training are considered as the major restraint of the 3D metrology industry.




  • Market Challenges:




Although there is a significant rise in the development of 3D metrology equipment, the 3D metrology software was not simplified and requires skilled professionals to operate. The absence of trained professionals, who can operate complex software solutions is considered as the primary challenge for the overall growth of the 3D metrology.


The shutting down of the business across the globe, the declining economic condition and reduced manufacturing processes, and changing demand for consumer products have affected the overall growth of the 3D metrology market in recent times. The aerospace, automotive industries were slowing down during the pandemic, which has affected the growth of the 3D metrology market negatively. 




  • Cumulative Growth Analysis:




The 3D metrology market is not limited to measuring the equipment, the varied applications of the 3D metrology equipment include, virtual simulation, reverse engineering, designing, optimizing the materials used, inspection and others. Therefore the end-user industries are getting expanded for the 3D metrology market. The 3D metrology is expected to hit USD 15 Billion at a 9% CAGR between 2019- 2025. The developed countries are expanding their industrialization and increasing their production rate in recent times, which demands energy and material optimization in the manufacturing industries. Such factors are aiding the overall growth of the 3D metrology market.




  • Value Chain Analysis:




The 3D metrology market growth is highly influenced by the automated optical inspection feature. As the industries are looking for effective inspecting solutions, the 3D AOI inspection technologies serve quite efficiently in volumetric inspections. The technology is intensively used in determining the measurement of height-sensitive components, reflowed solder fillets, and other chip components. Therefore the demand for AOI technology has been increasing across the market verticals. Moreover, the surging market 4.0, cloud computing, and the increasing number of manufacturing industries are further stimulating the overall growth of the 3D metrology market. 


The 3D metrology systems were used for varied purposes including inspection, quality checking, and measuring the components. The automotive market is intensively utilizing 3D metrology techniques, especially optical measurement systems, and is replacing the conventional gauges, transducers, and other equipment for measuring, owing to the demand for precision. Moreover, European countries are incorporating 3D metrology in manufacturing the vehicles, and are increasing their investment in manufacturing lightweight automotive components and fuel-efficient vehicles. 


Segment Overview:


Based on Component:




  • Hardware 




  • Software 




  • Service 




Based on Product:




  • Coordinate Measuring Machine (CMM)




  • Optical Digitizer and Scanner (ODS)




  • Video Measuring Machine (VMM)




  • Automated Optical Inspection




  • Form Measurement




Based on Application:




  • Quality Control and Inspection




  • Reverse Engineering 




  • Virtual Simulation




  • Others 




Based on End-User:




  • Aerospace and Defence




  • Automotive 




  • Architecture and Construction 




  • Medical




  • Electronics 




  • Energy and Power 




  • Heavy Machinery Market 




  • Mining 




  • Others




Regional Analysis:


The 3D metrology has been adopted by the various industrial procedures including Virtual simulation, reverse engineering, product designing, quality control, inspection, and so on. The industrial growth and the favorable economic condition in the Asia-pacific region are impacting the overall growth of the 3D metrology market in recent years. China is considered as the leading manufacturing hub for consumer electronics, food processing, machinery manufacturing, transportation, manufacturing of iron, steel, chemicals, designing of molds, raw casting, and so on. Therefore China is expected to witness steady D metrology market growth. 


On the other hand, North America possesses numerous manufacturers of pharmaceutical, automotive, aerospace equipment. Moreover increasing adoption of automation in the automotive industries and advancing technologies in the region are stimulating the overall growth of the 3D metrology market.


Competitive Landscape:



  • Exact Metrology (US)

  • Applied Materials (US)

  • 3D System Corp (US)

  • 3D Digital Corp (US)

  • Automated Precision (US)

  • GoM (Germany)

  • Creaform (Canada)

  • Perceptron (US)

  • Keyence (Japan)

  • Jenoptik (Germany)

  • KLA-Tencor (US)

  • Nikon Corporation (Japan)

  • Mitutoyo Corporation (Japan)

  • FARO Technologies (US)

  • Carl Zeiss AG (Germany)

  • Hexagon AB (Sweden)


Recent Developments:


In the year 2020:


FARO advances have declared the future of one of the main market players in location estimation gadgets. The FARO Vantage laser trackers can quantify the enormous modern parts, moulds, gatherings, and machine parts which are by and large testing and require a particular review region to get the estimations. In addition, the gadget is fit for decreasing the review process durations up to 75%.


In the year 2020:


One of the main market players has presented the CNC video estimating framework, incorporating CCD cameras. The computerized estimations were consequently founded on the pictures caught by the camera. The high-level estimation innovation has guaranteed the exact estimation of huge volumes of items; subsequently, the framework upholds large scale


Report Overview:


This report has covered:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Cumulative Growth Analysis

  • Value Chain Analysis

  • Segment Overview

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 15 Billion
  CAGR   9%
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Component, Product, Application, End User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Exact Metrology (US), Applied Materials (US), 3D System Corp (US), 3D Digital Corp (US), Automated Precision (US), GoM (Germany), Creaform (Canada), Perceptron (US), Keyence (Japan), Jenoptik (Germany), KLA-Tencor (US), Nikon Corporation (Japan), Mitutoyo Corporation (Japan), FARO Technologies (US), Carl Zeiss AG (Germany), and Hexagon AB (Sweden)
  Key Market Opportunities   The growing automotive industry is likely to offer robust opportunities.
  Key Market Drivers

  • The increasing adoption of industry 4.0.
  • Growing adoption for highly accurate inspection and detailed information.
  • Growing focus on quality control.


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    Frequently Asked Questions (FAQ) :

    The Global 3D Metrology Market is anticipated to contact USD 15 Billion at a 9% CAGR during the forecast period 2019-2025

    Hexagon AB (Sweden), FARO Technologies (US), Carl Zeiss AG (Germany), Mitutoyo Corporation (Japan), and Nikon Corporation (Japan) are a few of the major market participants.

    Some of the industries that leverage the technology are aerospace & defense, architecture & construction, automotive, medical, energy & power, electronics, heavy machinery industry, and mining, among others.

    Asia Pacific is expected to maintain the forefront position in the 3D metrology market.

    The rising applications in the automotive industry are poised to contribute to development of the Europe market.

    The segments of the 3D metrology market, by application, are quality control and inspection, virtual simulation, reverse engineering, and others.